InBev has called for the removal of Anheuser-Busch's board of directors as its $46.3bn (£23.7bn) for the brewer turns hostile.

Anheuser-Busch rejected InBev's offer two weeks ago but yesterday InBev said it would file a document with the Securities and Exchanges Commission “seeking to remove each member of the board of directors of Anheuser-Busch and provide shareholders an opportunity to have a direct voice in the proposed combination with InBev”.

Anheuser-Busch retaliated by saying the move was “a self-serving effort by InBev to try to purchase Anheuser-Busch for a price Anheuser-Busch's independent board already has determined to be financially inadequate and not in the best interest of shareholders”.

Topics